What matters about Turkey
The local currency is the Turkish lira (TRY). Its rate moves noticeably more than most currencies among our destinations, and that affects the decision: whether to hold money in liras or receive it in parts as needed.
The second feature is the FAST instant payment system, through which money is credited in minutes and outside banking hours. For the recipient this is the most convenient option.
Ways to send the money
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To an IBAN account
The main option for rent, tuition and regular payments. The name in Latin letters and the account number are needed.
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Instantly through FAST
Delivery in minutes, weekends included. The fastest route inside the country.
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To a card of a Turkish bank
The money is available to spend right away — convenient for everyday costs.
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Through cryptocurrency
When the banking route is inconvenient or the money is needed immediately.
Liras or dollars
If the money is spent in Turkey, it makes sense to receive liras: the conversion happens once, at the locked rate. If the amount is being set aside for months, the question is no longer about the transfer but about the currency of the savings, and that is decided separately.
What definitely should not be done is sending dollars to a lira account: the bank converts them itself, at its own rate, and you find out about it once the money has landed.
What the recipient needs
- The first and last name in Latin letters — as written at the Turkish bank
- The account number in international format
- The name of the bank
- Or the card number, if the money goes to a card
- An understanding of the currency they expect the delivery in
Timing
| Option | Timing | Works on weekends |
|---|---|---|
| Instantly through FAST | Minutes | Yes |
| To an IBAN account | Usually the same day | No |
| To a bank card | From a few hours | Partly |
| Through cryptocurrency | From 15 minutes | Yes |
Common mistakes
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Dollars to a lira account
The bank converts them itself and at its own rate. The money should arrive in the currency of the account.
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The name from the passport
What matters is the record at the Turkish bank: transliterations diverge.
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Counting at the rate from a search engine
That is the interbank rate. What should be compared is the final amounts in liras.
How it works with us
Turkey has a direct rubles to liras pair: the conversion happens once, the rate is locked before payment and the fee is 1%. The exchange works the other way too, from liras into rubles.
The amount is named in liras — in the currency the person will see credited.
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The direct RUB — TRY pair
One conversion instead of a chain through the dollar.
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Both ways
Into liras and back into rubles — on the same terms.
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From 15 minutes
For routes that do not depend on a banking schedule.
